Welcome to the Missouri Department of Transportation and Highway Patrol Employees' Retirement System (MPERS). This website is intended to provide you with online resources to better understand the benefits provided by your retirement system. While we hope this will be a good resource for our members, prospective members, and employers we encourage you to call us at any time if you have questions about the benefits we provide. We pride ourselves in our ability to personally serve our members and never want to lose touch with the people we serve.
Information Regarding the American Recovery & Reinvestment Act of 2009 (Stimulus Package)
Posted on: Wednesday, March 25, 2009
The American Recovery and Reinvestment Act of 2009 (stimulus package) contains provisions that may affect the amount of your federal tax withholding election. These changes may also affect your 2009 and 2010 federal tax returns. These provisions include the:
- New federal tax withholding tables effective April 1, 2009. The new withholding tables may automatically reduce the amount of income tax withheld from your wages or retirement benefit, which would result in more take home pay.
- Making Work Pay Credit for anyone employed or with earned income. This credit will be received through the new federal tax withholding tables mentioned above.
- Economic Recovery Payment for Social Security recipients. This automatic one-time payment of $250 is scheduled for distribution in May 2009.
Please keep in mind that MPERS staff are not tax professionals and cannot give tax advice. We encourage you to consult the IRS, Social Security, or a tax advisor for complete information regarding the stimulus package provisions and how these changes might affect your federal tax withholding and liability. Full Article
A Message From the Executive Director - Susie Dahl
The SECURITY of Your MPERS Benefits
Updated on: January 30, 2009
If you are concerned about the economic events of the past year, you are not alone. First and foremost, the understanding I hope you take away from reading this message is that your retirement benefits are secure!
Fortunately, you are among a small percentage of Americans whose retirement security is not directly affected by the current instability in the investment markets. The primary reason your benefits are not impacted is because you are a participant in a defined benefit plan. As a member of a defined benefit plan, your benefits are supported by your employer's legally binding commitment to contribute the dollars necessary to fund your benefits. MoDOT and the Missouri State Highway Patrol assume the current market and investment risk and are required by law to ensure that benefits are available to you during your retirement. Full Article
Member Satisfaction
MPERS is committed to member satisfaction and quality service delivery. We dedicate ourselves to serving our members and their beneficiaries, the Board of Trustees and other interested parties. We have a demonstrated history of implementing beneficial improvements and continue to seek methods to improve service delivery and return on investments.
Did You Know?
Since 1955, MPERS has been providing retirement benefits to the employees of the Missouri State Highway Patrol (MSHP) and the Missouri Department of Transportation (MoDOT). Much has changed since the system began over 50 years ago, but our mission remains the same -- a secure retirement for our members! Today we proudly provide retirement, survivor, and disability benefits to over 17,000 retirees, active employees, and terminated vested members.
Fiscal Year 2007 showed record investment returns for the system of 18.1% net of manager fees. Today the fund has assets of approximately $1.8 billion. For additional plan information, consult MPERS Quick Facts brochure under the quick downloads.
